Florida Hospital’s Winter Garden Campus

October 28th, 2014

The west end of Orange County is undergoing tremendous growth as the Horizon’s West project comes alive. With that growth and rapidly growing population base is a need for first class Health Care Services to meet the needs of residents in Winter Garden and surrounding communities. Construction of Phase I of the new Florida Hospital Campus is underway.

The facility will be built in 3 Phases.

Phase I will include a 75,000 square foot facility that will provide the following services:
•An emergency department addressing chest pain, stroke, orthopedic injuries, heart attack and more
•Acute care services
•On-site imaging
•Access to Florida Hospital specialists

Phase II will include an Outpatient Surgical Center and

Phase III will include hospital beds.

The facility is located at located between Daniels Road and State Road 535, across from Winter Garden Village at Fowler Groves.

The first phase of the Center will open in 2015.

Florida Hospital Winter Garden

Florida Hospital Winter Garden

Ralph Zeigler
Zeigler Realty Group
www.ZeiglerRealtyGroup.com

Mark your Calendar for GumboPalooza!

October 26th, 2014

Mark your calendar for November 8, 2014 because the 4th Annual GumboPalooza event is returning! Got a great favorite gumbo recipe then you too can enter and compete! Or you can just come and enjoy the great food and all the days activities. The event is being held at The Pines of Windermere Park located at 3409 Maguire Road, Windermere, Fl. The event will run from noon until 6pm. See map below for directions.

Your admission includes all the gumbo you can eat and you get to vote for the Best Gumbo! Last year there were 27 teams competing for the Peoples Choice Award – it is sure to be a day that will light up your taste buds! The ultimate gumbo lovers buffet!

Entertainment will be provided for the whole family with music, art, great food and everything fishing. In addition there will be a silent auction and a raffle with great prizes.

Proceeds from the event benefit Give Kids the World (GKTW) with over $50,000 raised over the 3 prior events. GKTW is a themed Resort located in Central Florida near the theme parks and where children with life-threatening illnesses and their families are treated to weeklong fantasy vacations. The GumboPalooza fishing team provides fishing trips to families staying at GKTW on Tuesday evenings.

GumboPalooza 2014

GumboPalooza 2014

GumboPalooza Map

Town of Windermere Map

So mark your calendars for a Great day of fun benefiting an awesome organziation!

Ralph Zeigler
Zeigler Realty Group
www.ZeiglerRealtyGroup.com

I4 Ultimate Project Update

October 26th, 2014

This massive $2.3 billion project is scheduled to begin in February 2015. The project will cover 21 miles of I-4 from Kirkman Road on the West side of town to Highway 434 on the East side of town. The designs are being finalized but are expected to include 4 toll lanes and improved interchange at 408. Ultimately the lanes will provide shorter commute times along the I-4 corridor.

The project is expected to take 6 years to complete so commuters will need to have a list of alternative routes as construction progresses.

An information web site titled I4 Ultimate Project has been created to keep the public informed on the project and to assist in identifying alternative routes. The website and can be found at http://www.i4ultimate.com/.

I4 Ultimate Project

Interstate 4 Ultimate Project

Ralph Zeigler
Zeigler Realty Group

September Real Estate Update for Windermere

October 24th, 2014

Oh what a difference a year makes!

The table summarizes the key statistics for Windermere Real Estate Sales for the month of September 2014 vs September 2013. The sales data includes all residential sales for Windermere, zip code 34786.

Windermere Real Estate Sales Summary for September 2014 vs 2013

Windermere Real Estate Sales Summary for September 2014 vs 2013

As prices have increased and the economy continues to improve more inventory has been placed into the market. Zeigler Realty Group are seeing more families moving into the area as well as locals being relocated out of the area. Mobility of the workforce is providing a nice stimulus to the broader local economy.

The availability of low interest rate mortgage loans is increasing the purchasing power of home buyers. The average interest rate last week for a 30 year mortgage dipped below 4%!

As more homes become available for sale the average days on the market has increased to a level closer to historical norms. However, Homes that are appropriately priced and in good condition are moving much faster than the average.

The average price of a home in Windermere, zip code 34786, can vary widely in any given month given the number of multi-million $ homes in the area. The median fluctuates but in a much narrower range.

Real estate valuation is unique to each property and neighborhood, it would be our privilege to provide you with a no obligation market valuation of your home and overview of your neighborhood. Contact Zeigler Realty Group today to request your free home valuation report.

Ralph Zeigler
Zeigler Realty Group
October 24, 2014

Freddie Mac HomeSteps Financing

October 22nd, 2014
HomeSteps Freddie Mac Homes

HomeSteps
Freddie Mac Homes

Freddie Mac is a government program that provides home financing to one out of six home buyers in the United States. The HomeSteps program is available for homes offered for sale by Freddie Mac, one of the largest sellers of existing homes in the United States.

HomeSteps works closely with local Real Estate Agents to market and sell their inventory of homes. To facilitate the sale of their inventory homes Freddie Mac offers financing to purchasers through their HomeSteps Financing, however, it is not available on all homes, your real estate professional can easily determine if the home qualifies.

There are a few advantages for using the HomeSteps Financing:
– No Mortgage Insurance included in monthly payments
– No Appraisal required resulting in reduced costs to borrower and
– Down payments as low as 5%

The loan program is administered through a network of local mortgage lenders and it is not offered in all states, however, it is available in Florida.

The Zeigler Realty Group can assist you in identifying homes in your area that quality for the Home Steps Program or you can search using our powerful search tool at www.PremierFloridaHomes.com.

By Ralph Zeigler
Zeigler Realty Group
October 22, 2014

Halloween Events in Windermere and Winter Garden

October 16th, 2014

Halloween is just around the corner and if you are looking for safe fun events for your little Trick or Treaters be sure and check these out:

Windermere, Florida
In the downtown area of Windermere on Friday October 24th there is a Halloween Movie Night! The movie for the evening will be “Hotel Transylvania”.

“Hotel Transylvania, is Dracula’s lavish five-stake resort, where monsters and their families can live it up and no humans are allowed. One special weekend, Dracula (Adam Sandler) has invited all his best friends – Frankenstein and his wife, the Mummy, the Invisible Man, the Werewolf family, and more – to celebrate his beloved daughter Mavis’s (Selena Gomez) 118th birthday. For Dracula catering to all of these legendary monsters is no problem but the party really starts when one ordinary guy stumbles into the hotel and changes everything!This is an animated movie rated for the whole family.”

The monthly Food Truck Event is also on this night, so bring your coolers, chairs and blankets and join your neighbors for a great evening under the stars.

On Saturday the Town of Windermere and the Parks and Recreation Department is hosting a Halloween Hayride and Costume Parade. This is sure to be a fun day for the family.

Winter Garden

The following weekend on Friday October 31st from 6 – 8:30 pm the merchants in Downtown Winter Garden are hosting the “Hallowenfest” bring the little ones to Trick or Treat along Plant Street. There will also be live music in the Park so plan on having a great evening.

Zeigler Realty Group wishes you and your family a fun and safe Halloween.

30 Year Interest Rates lower than 12 months ago!

October 13th, 2014

The weekly interest rate survey for 30 year and 15 year mortgage rates as reported by Freddie Mac show that rates are lower than last year at the same time. The average 30 year rate for the week ending October 9, 2014 was 4.12% vs 4.25% last year. Great news for home buyers and home owners desiring to refinance. As you may recall from a previous post in this blog, if rates were to increase 1% for a 30 year mortgage to 5.12% the monthly mortgage payment would increase 12% for the life of the loan!

Mortgage Interest Rates below prior year.

Mortgage Interest Rates below prior year.

We can assist you in finding a mortgage source that will work with you to identify the mortgage product that best meets your needs.

Largest Food Truck Event in Central Florida!

October 1st, 2014

Mark your calendar for Sunday October 5, 2014 for one of the largest Food Truck events in Central Florida. The event is being held at “The Pines of Windermere” a beautiful park owned by OUC located on the shores of Lake Down. (the address is 8409 Maguire Road, Windermere) 60+ Food Trucks will be competing in the Hula-licious Cook Off Event. Trucks will compete in a number of categories with judging by notable chefs, food and beverage professionals and food editors.

In addition to the Food Truck Cook Off Events there will be live music and fun events for the kids. A supervised “Kids Zone” play area will be set up for children younger than 13, with a $10 wristband purchase.

Attendees will have a chance to vote for the “Grand Peoples’s Choice Award” so make sure to come out and support your favorite Food Truck.

The event will begin at 11 am and end at 7 pm. Bring your lawn chairs and blankets and come for lunch and stay for dinner.

Luxury Home Construction Trends

January 29th, 2014

The following article appeared in today’s edition of Florida Realtor News.

WASHINGTON – Jan. 28, 21014 – During the recent recession, interest in large and expensive homes dropped dramatically as homebuyers showed preferences for smaller, more affordable homes.

But luxury home features once again appeal to house hunters, as the affluent buyer steps back into the market. In July 2013, sales of homes costing more than $1 million rose 46.6 percent from the previous July.

“The housing market is being driven by the move-up buyer, the luxury buyer,” Brad Hunter, chief economist and director of consulting at Metrostudy, told The New York Times. “And those who have strong incomes, secure jobs, their stock portfolio is doing well – they are able to buy whatever they want. And what they are buying is larger houses.”

In 2007, the median size of new homes built for sale peaked at 2,295 square feet. That number fell to 2,159 square feet in 2009. But in 2012, new-home size increased to a new peak of 2,384 square feet, according to the National Association of Home Builders. What’s more, about 41 percent of new homes had four or more bedrooms, up from 34 percent in 2009.

Homebuilder Toll Brothers, which caters to the luxury market, reported its revenue rose 65 percent in the fourth quarter over last year’s numbers. The average sales price of Toll Brothers’ homes rose 21 percent during that time too.

Homes with the largest kitchens and most expansive master suites are the top sellers nowadays, says Tim Gehman, design director at Toll Brothers. “It’s a matter of how large and impressive those two features are and how much buyers can afford,” Gehman says.

Also, affluent buyers seem to be lured to established suburban communities that are near job centers and have good schools. They are showing less interest in the large homes – often dubbed “McMansions” – in the exurbs that were popular during the housing boom years, says Lawrence Yun, the National Association of Realtors®’ chief economist.

Source: “In Housing, Big Is Back (Not Counting the Extras),” The New York Times (Jan. 25, 2014)

© Copyright 2014 INFORMATION, INC. Bethesda, MD (301) 215-4688

Know Your Numbers: Metro West Real Estate Stats for 2013 vs 2012

January 24th, 2014

The following tables include the Key Real Estate stats for the Metro West/Orlo Vista area, zip code 32835. This area includes a large number of multi-family properties, thus the need for 2 tables. The first table includes stats for all Property types and the second table includes Key Real Estate Stats for just Single Family Home Sales.

MetroWest Real Estate Stats All Property types 2013 vs 2012

Metrowest Real Estate Stats - SF only - 2013 vs 2012

Insights:
Over 50% of the property sales in this zip are multifamily sales. Multifamily and Single Family Home sales experienced similar increases in Average and Median Sales Price, 20% and 26% respectively. The Average Selling Price increased from $180,531 to $217,125. On average the 2013 Single Family Home Sales sold in 61 days, a 19% reduction from 2012.

The mix of inventory in the Metro West Master Planned Community, condo vs single family, and the type of sale (traditional, short sale and bank owned) impacted stats as well. The Metro West Master Planned Community has approximately 1,100 single family homes and 5,300 condominiums as well as 2,900+ apartments.

Metro West is a desirable Master Planned Community due to its central location, shopping and dining, schools, proximity to Valencia College and access to theme parks. It is just a short drive to Universal Theme Park and Resorts. The Metro West Golf course, a local favorite, recently completed a major update to all 18 greens and every bunker. As previously noted there is a diverse mix of Housing and Community options in 32835. The area experience a building boom in condominiums prior to the downturn and experienced a high level of defaults, which in recent years have been acquired by investors.

Whether you are Buying or Selling let us help you understand the Real Estate Value for your home and community of interest. Contact us today for a free no obligation Home Valuation.